Principal Financial Group (PFG) Tops Q4 EPS by 14c
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Principal Financial Group® Announces Full Year and Fourth Quarter 2023 Results as well as 2024 Outlook
February 12, 2024 4:15 PM ESTRaises first quarter 2024 common stock dividend and announces new $1.5 billion share repurchase authorizationÂ
Company Highlights
Full year 2023 net income attributable to Principal Financial Group®, Inc. (PFG)1 of $623 million, or $2.55 per diluted share, includes $892 million of loss from exited business. Fourth quarter 2023 net loss attributable to PFG of $872 million, or $3.66 per diluted share, includes $1,171 million of loss from exited business. Full year 2023 non-GAAP operating earnings2 of $1,603 million, or $6.55 per diluted share. Fourth quarter 2023 non-GAAP operating earnings of $441 million, or $1.83 per diluted share. Returned $1.3 billion of... More